KDG Bankruptcy Department Gains Approval of Significant Chapter 11 Plan

The bankruptcy department recently obtained approval for a Chapter 11 Plan of Reorganization involving the restructure and discharge of over $35 million in debt. The approval of the Plan of Reorganization will allow the restructured debtors to continue their business and repay creditors significantly more than they would have received in a liquidation scenario. Bankruptcy Department Practice Group Leader T. Scott Belden led the reorganization effort, with significant assistance from attorney Jacob Eaton and bankruptcy paralegal Isabel Medellin.